Anavex Life Sciences Corp (AVXL)

[BAR123]

Yes, but there is an in between. We shouldn’t be at 7 1/2 certainly but maybe closer to 15 to 20 in this bad market environment. So yes, I think some of it has to be blamed on Dr. Missling since shareholder value is one of his most important roles.

Now, as far as Jiung Ma goes, I remember looking at her résumé when she first came on board, and I thought , what an impressive person that is , and I still believe that. But let’s not think that this is an independent chairman of the board.
She was brought in by Missling a few years ago, which tells me she is loyal to him. I’m sure he has known her in the past and brought her in for her qualifications, and maybe a friendship they had. Nothing wrong with that, but where do her allegiances lie and that is to him. I think he will continue to get as many options as he wants within reason and she will sign off on them. The only way Dr. Missling leaves this company is by an acquisition.